Metal Coatings are used in various ends use industries such as construction, automotive, marine, and electrical & electronics on account of their corrosion and weather resistance properties. They are applied on the surface of the metal to protect the metal surface from oxidation, rust & corrosion, and prevent chipping and scratching. These coatings are made of different resins such as polyester, acrylic, epoxy, polyurethane, and alkyds among others. Polyester resins are being increasingly used in construction industry owing to good weather resistance and gloss retention.
The Global Metal Coatings Market growth is driven by the expanding construction industry in both developed and developing regions and increasing spending on the residential properties coupled with improving the living standard and rising disposable income of the consumer in the developing nations.
Reviving automotive industry in the developed regions coupled with growing demand for fuel-efficient vehicles as a result of strict environmental regulations is uplifting the market growth. Additionally, shifting manufacturing base from the developed nations to developing nations owing to easy availability of raw material and cheap labor is fuelling the product demand in the automotive industry.
Furthermore, emerging electrical and electronics industry and the initiatives taken by the government such as internet of things (IoT) and automation are likely to provide lucrative opportunities to the Global Metal Coatings Market. Rising preference of the consumers for built-in functions in the personal devices is expected to add fuel to the market substantially over the forecast period.
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Some of the key players in the Global Metal Coatings Market are Toefco Engineered Coating Systems, Inc. (U.S.), BASF SE (Germany), DowDuPont (U.S.), AkzoNobel N.V. (The Netherlands), The Valspar Corporation (U.S.), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems (U.S.), Kansai Paint Co., Ltd (Japan). Beckers Group (Berlin), Henkel AG & Co., KGaA (Germany), and Nippon Paint Holding Co., Ltd (Japan).
The Global Metal Coatings Market is segmented into Form, Method, Resin Type, End-Use Industry, and Region.
On the basis of the Form, the market is segregated into liquid and powder coatings. The liquid coatings are further sub-segmented into water based and solvent based.
Based on the Method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing.
Based on the Resin Type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others.
Based on the End Use Industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others.
On the basis of the Region, the Metal Coatings Market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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